South Korean Cryptocurrency Exchange Bithumb Gets Hacked; Loses RM140 Million, Pearl of Haiti

Korean crypto exchange Bithumb says it lost overheen $30M following a hack

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Bithumb, one of the largest exchanges ter Asia, just broke the news that it has bot hacked, with the hackers reportedly stealing overheen $30 million worth of cryptocurrencies.

The hack happened Ten days after South Korean crypto exchange Coinrail lost around $40 million to hackers.

Bitcoin plunged from W7.Five million to W7.08 million after news of the heist broke, and Bithumb’s phone lines were inundated with calls from anxious investors inquiring about their deposits. The existence of enough United States dollars to back the crypto reserves of the cryptocurrency pegged to the fiat currency 1:1 on an even scale is fine enough to tegenstoot yet another possible price correction, and more good news will certainly bring the prices up merienda again.

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One of South Korea’s largest cryptocurrency exchanges, Bithumb, is the latest cryptocurrency toneel to be comprised by hackers. Those stolen cryptocurrencies will be covered from Bithumb, and all of [our] @55ets are being transferred to [a] cold wallet. The attackers made off with 35 billion won ($31.Five million), which resulted ter the exchange ceasing its deposit, payment, and withdrawal services to mitigate the damages. Bitcoin fell around 2%. Senior IEEE Member and Professor of Cybersecurity at Ulster University, Dr Kevin Curran, says that consumers are unlikely to have stolen cryptocurrency returned to them should say bye to stolen Bitcoin.

Bithumb’s blog postbode reads “Due to security issues, wij are switching our system regarding deposits of cryptocurrency”.

“The family requests you please respect their privacy during this time”, the statement said. Following the end of Pantera , Paul formed Damageplan with his brother te 2003.

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Albeit Bithumb might not be keen to advertise the loss, deleting its initial tweet announcing the hack and promise of compensation. At the same time, the SEC also said that many, but not all, initial coin offerings could be securities and would come under the regulatory control of the SEC and relevant securities laws.

Ter January, Japanese webpagina CoinCheck wasgoed hacked and investors lost about $500 million worth of @55ets.

Bithumb wasgoed quick to re@55ure its customers that any who are affected by the theft will be paid back te total, but the exchange has ceased to operate for the ogenblik.

Before the Bithumb hack, the market appeared to be recovering spil it gained more than $12 billion ter total market capitalization.

2 comments / Add your comment below

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